Markets: FTSE 100 surges ahead on European QE hopes

The FTSE 100 saw a late surge yesterday as traders grew confident that the ECB would engage in large-scale money-printing, and oil prices rose. The index closed up 1.6% at 6,728.

  • FTSE 100 up 1.6% to 6,728
  • Gold down 0.18% to $1,293.10/oz
  • £/$ - 1.5142

Energy stocks were among the day's highest climbers as the4 price of crude oil rose. BG Group gained 4.3%, Tullow Oil added 3.9% and BP was 3.4% higher. Publishing group Pearson was the top performer with a 4.9% rise after a positive update on profits.

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